4,394 Shares in AAON, Inc. (NASDAQ:AAON) Purchased by Wolverine Trading LLC

Wolverine Trading LLC purchased a new position in shares of AAON, Inc. (NASDAQ:AAON) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,394 shares of the construction company’s stock, valued at approximately $471,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Amalgamated Bank boosted its stake in AAON by 65.2% in the second quarter. Amalgamated Bank now owns 35,367 shares of the construction company’s stock valued at $3,085,000 after acquiring an additional 13,964 shares during the last quarter. Geneva Capital Management LLC boosted its stake in AAON by 1.5% in the third quarter. Geneva Capital Management LLC now owns 1,698,207 shares of the construction company’s stock valued at $183,135,000 after acquiring an additional 24,384 shares during the last quarter. Swedbank AB purchased a new position in AAON in the second quarter valued at about $14,569,000. Raymond James & Associates boosted its stake in AAON by 3.4% in the third quarter. Raymond James & Associates now owns 142,930 shares of the construction company’s stock valued at $15,414,000 after acquiring an additional 4,709 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in AAON by 122.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 16,476 shares of the construction company’s stock valued at $1,777,000 after acquiring an additional 9,063 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AAON has been the topic of a number of research analyst reports. Sidoti cut shares of AAON from a “buy” rating to a “neutral” rating and boosted their target price for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. DA Davidson boosted their price target on shares of AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Robert W. Baird boosted their price target on shares of AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.00.

Insider Buying and Selling

In other news, CFO Rebecca Thompson sold 5,000 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $138.00, for a total value of $690,000.00. Following the transaction, the chief financial officer now owns 17,297 shares of the company’s stock, valued at $2,386,986. This represents a 22.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Casey Kidwell sold 4,796 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total transaction of $654,078.48. Following the completion of the transaction, the vice president now directly owns 4,953 shares in the company, valued at $675,490.14. The trade was a 49.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,967 shares of company stock valued at $6,961,357. Company insiders own 18.55% of the company’s stock.

AAON Stock Performance

NASDAQ AAON opened at $131.32 on Friday. The company’s 50 day moving average is $123.82 and its 200-day moving average is $100.76. AAON, Inc. has a 12-month low of $67.99 and a 12-month high of $144.07. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The firm has a market cap of $10.67 billion, a P/E ratio of 57.85 and a beta of 0.83.

AAON (NASDAQ:AAON) last posted its earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The business had revenue of $327.25 million for the quarter, compared to analyst estimates of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. AAON’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 EPS. Sell-side analysts predict that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend is Friday, November 29th. AAON’s dividend payout ratio (DPR) is presently 14.10%.

AAON Company Profile

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.